Topic: I have started teaching Bitcoin to my Neighbors - page 8. (Read 1915 times)

Put it the OP's way, introduce bitcoin to them, the technology and the difference between bitcoin, banking and traditional fiat. Don't put too much emphasis on bitcoin as an investment for those who have never heard of bitcoin, its volatile nature will scare them more than interested.

Try again with them, teach them how to use bitcoin, how bitcoin works and it would be great if you could do some transactions show them, I think they will have a different view of bitcoin.

Its nice to see initiative like that but hoping they learn it by heart and not by money attached to it. Some wanted to learn bitcoin only for purpose of earning money in which we dont find it easy to do actually. Its not a direct investment matter that when you learn is youll earn profit or money from it. Its a technology which can be used as an alternative for finances in a decentralized approach. Hope you could emphasize it to them that its not a rich scheme method when you learn about bitcoin.

This is a subjective one.
People learn with the help of reading the articles, some learn from newspapers, some learn from books, some learn thru videos etc. etc. I don't like the fact that you consider "learning thru videos" as the best one because all of the them are considered best. It just depends on the preferences of the people.

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I like the initiative of teaching people Bitcoin. In this way, many people will be encouraged to used Bitcoin or at least invest into it. On the other hand, I've seen some small mistakes.

Bitcoin was created/invented in 2008 not 2009.
Bitcoin as a tool to pay bills is not applicable to all countries around the world. You can't use Bitcoin directly to pay bills but you can convert it into your own currency and use it to pay bills.
Trading considered as a business? I don't know but is it considered a business? Can any trader answer this one . I'll be happy since I'm not sure too.
Bitcoin as a job? I only agree with this one if you are a freelancer and you are being paid with Bitcoin but aside from that, I disagree.

Anyway, it is just small mistakes that a newbie like me saw and don't take what I said as a way to criticize your initiative. I always like people who are teaching anything about Bitcoin and crypto and I always want to do the same thing (if not only for my speech defect ). Just continue what you are doing, take what we said here as constructive criticisms and I hope you will help many people in what you are doing.

We are almost the same that are unemployed, I'm also unemployed since I graduated in College last 2017 (even though I worked in a government for around 8 months only), I'm also capable in paying the monthly billings here in our home.

I hope that you will keep your private keys in the safest place possible because it's your home. I'm not against it but it's just a precaution just incase somebody will try and steal your coins. You might trust them now but anything can change when it comes to money .

Watch documentaries on Youtube. That's what I did when I'm starting. I always watch Youtube documentaries regarding Bitcoin and every video, I watch it twice or even thrice on some videos. There are other ways obviously but watching YouTube documentaries is what helped me learn more about Bitcoin.

This is good, of course! But my hunch is that the primary motive why the parents are sending their children to you to learn about whatever it is you're doing is that they also want them to earn even if they're unemployed.

This is basically all about making money. And this is something every Bitcoin teacher needs to dispel from those who stumbled upon Bitcoin at some point and developed the impression that it is a way to earn quickly and easily. Because that isn't Bitcoin.

So I take exception to your 5^th point. I guess that's incorrect.

^ It should be supporting a video tutorial not only by telling them so that they will know every detail about BTC and the amazing technology behind BTC.
It is a good deed if we teach our neighbors and loved ones about BTC so that they will open their minds to this form of new technology not only for the profit that possible we can make but also for the usage on it. Because teaching them is not easy to get in a single day or session, it should be 1 week or a month before they will fully understand how BTC works and how it will be used. Good thing we have people here willing to spend their time to teach other for the sake of BTC.

Really appreciate what the OP doing and their efforts.
Honestly, teaching Bitcoin to people that are new enough here is not easy. Firstly, it must be themselves who come to me and ask me to teach them. I never volunteered to teach them for several reasons, one of which was the condition and level of thought of the people in my neighborhood.
If indeed they are interested, then I will be happy to teach them, from the basics, not only about the profits that can make you rich, but also the risks and conditions of the Bitcoin market.
If they really want to learn, usually they will be very serious, they will read more in various sources, and come back to me for discussion to make it clearer. Here, I actually feel happy because I can exchange information, and I can also learn a lot more if there are questions from them that I also couldn't answer at that time.
But not a few are also demanding how to get a lot of money quickly with Bitcoin. And when the market conditions are like today, they will complain and blame.

there are so many programs to improve the community's economy, such as what you do, by giving lessons about bitcoin to those who don't know about bitcoin like your neighbors. I think what you are doing is a good activity. and I also always tell my brothers and neighbors who don't know about bitcoin. and my goal in telling them about bitcoin is to improve their economy for the better.

They need to understand that going into this market involved a lot of risk. I hope they will not think that this will be their route to riches because this is not an easy path for that. But slowly, they will learn some basics of this market and not be ignorant with things. Some people have negative notion towards this market because of ignorance. If they will be interested, they can further increase their knowledge by going over the internet and read as much as they can. In today's generation, you can always tap the internet if you want to learn more about certain topic.

It's a good thing you teach your neighbors about bitcoin, but I think that after you teach your neighbors about the technical part of bitcoin, which by the way is a part that they will need to dedicate themselves to learn, you will also have the hard task from teaching them the important rules about investing in bitcoin, I think things like: 'just buy and make Hoodl' can end up with your neighbors not liking you if they buy bitcoin and then the price drops a lot. when explaining about rules for investing in bitcoin you will have to talk to them about some technical analysis things, because your neighbors will need to be aware of market entry points (purchase points) even if it is to make hodl they will need to have this knowledge

This is not a serious issue, no one is saying that people who use bitcoins or invest in bitcoins are wealthy, that's not true.

If you stay in the mansion and have a super car, they can also attack you to steal your money, you don't need to own bitcoins. Many people get rich without owning bitcoins. You are giving knowledge and teaching about bitcoin, you are not calling them to your house to show how many bitcoins you have, so there will be no attack here.

I reckon with og absolutely, as disappointing as it may sound, it is difficult for a newbie to buy or rather, invest in crypto right now and not expect to get rich over night, most especially the middle class and lower since they are always in need of money to solve one problem or the other, it is easier for the upper class and higher to understand that investing in bitcoin is a long term thing, and since they have world class businesses and companies that yield so much profit for them, it is easily possible for them to look away from the money they invested in crypto even for many years.

But the above is not the same with the poor guy out there, it is almost impossible for a poor guy to invest in crypto and look away from it for at least, two years, except he or she for one or two reasons forgot in invested in crypto, like it is with one of my friend.

BTW.... , Congratulations to you @op on your new Bitcoin teaching initiative, keep playing your part in the quest for bitcoin adoption.

I also done something like that before but only few of them are really interested in crypto.
Some of them just like to listen or hang out some of them did invest and earn from it, and I am happy that somehow I manage to help them.

If you have any suggestions on how that's possible, feel free to share.  All of my friends that jumped on the gravy train for the 2021 run are already out of crypto now.  They all bought shitcoins trying to get rich, and now think crypto is a scam.  Some of the survivors from the 2017 bubble that I know have started coming around to a Bitcoin only theme.  I have found that no matter what I say though, no new entrants want to buy Bitcoin.  They struggle to find a use case for themselves and don't want to just buy and hope to sell for more later, because the greater fool theory isn't value...  I wish Bitcoin had the "killer app" instead of a promise the price will rise while telling you not to spend it.

That's fine but I think the basics are on YouTube and in some books like The Bitcoin Standard, Mastering Bitcoin, if these books and resources are available in your local language it will be easy for them to learn if they have some time.

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

I agree with you. Many people prefer books and magazines, and it makes learning easier for them. But the human brain has a better understanding of images and video content.
That's why Metaverse creating an environment for medical students to see and repeat all surgeries in the Metaverse world.

Whether Bitcoin can be used to pay the bills depends on the country because it's certainly impossible in mine. Is it really possible in yours?
Also, I think trading is a job, not a business (an exchange website is a business, managing funds of others is a business). Other things on the board seem right.
It's cool that parents are encouraging their young adults to learn about Bitcoin, I'm quite surprised about that.
I think it's important to teach these people about the safety of holding Bitcoins (importance of using a non-custodial wallet) and of keeping the keys safe but also somewhere one won't forget to look.
Also, have these people consented to the photos being published? If so, it's great, but otherwise it's a violation of their privacy and the faces, at least, should be blurred.

Were they able to jot things down? Regarding their sitting position. However, you are doing a great job, get them to create their first wallet then start putting Bitcoin into it bit by bit, since they are young people their parents can fund it. Are you teaching them free of charge? If so it's ok, but paying for the session with you in your little home will enable them take the whole process more serious. From time to time they will be able to understand how the blockchain network works.

It is not true. Depends on what you teach, what others want to learn.

With videos, if you want to find a point, you must know when it is in that video. If you don't remember, don't note it previously, you will have to spend more time than you are ready to spend, to watch most of the video in order to find the point you want to learn.

With books, power points, you can find what you want more quickly.

I prefer to read books than watch videos. Videos are helpful if you want to practice something. Watch a practical video after you already read books.

Thanks for your advice friend, don't worry in our next session that's one of the things I'll do with them, for now, we'll just do it little by little, I don't want to rush them, it's good to go slow, but they'll understand what I'm saying very well.


First of all, I understand what you mean Sir, but we have different attitudes when it comes to dealing with neighbors, because for me they're my friends too, not just neighbors, secondly those young people in the picture, I know their parents well and they are my friends too, we also treat each other as a family, even their other small children also come and go to my house to play with my son. They also know that I'm not a rich person, I don't have four wheels, I only have a single motorcycle, the parents of the young people in the picture they have all cars. So, I think you are thinking wrong about them. In fact, I often ask for help from the parents of those young people, as if their parents just want me to teach their eldest children what I do. And if they need a hand with me I will also give as long as I can give a hand to them.


For what I did was only day trade, and everyday I got earned, it may not be a large amount but it can sustain all the prime commodities I need monthly. And You don't have to worry about this thing Sir, Because I already explained to them in simplest explanation that they would understand it clearly in our own local language. Like paying bills from Bitcoin-usdt- local currency going to coinsph or gcash wallet. Just simple as that.

The most important reference is to go back to the Bitcoin whitepaper, for example you print it out and give it to them to understand as basics and basics before going into more abstract stages. There are many ways to teach people about Bitcoin and cryptocurrencies. But not everything goes well, depending on how you implement it by making the terms as simple as possible. Adjust to the cognitive level of age, it definitely sounds more complicated to you. One of them is understanding what they need and what is the main reason they are interested in Bitcoin.